Dubai's week-long real estate transactions hit AED7.8 billion

Friday, 15 April 2022 21:14

By ARN News Staff

A total of 1,968 real estate transactions worth AED7.8 billion were conducted in Dubai during the week ending April 15.

According to figures released by the Dubai Land Department, 246 plots were sold for AED1.49 billion, in addition to 1,312 apartments and villas for AED 2.96 billion.

A total of 66 plots of land and 264 apartments and villas were mortgaged for AED1.07 billion and AED1.8 billion respectively.

Eighty properties were granted between first-degree relatives worth AED497.69 million.

#Dubai @Land_Department executes AED 7.8 billion in real estate transactions this week. pic.twitter.com/mcoWpZkGa8
— Dubai | دبي (@DubaiTrends) April 15, 2022

More from Business

UAE, Uzbekistan explore partnerships in new economy sectors

The UAE's Minister of Economy and Tourism, Abdulla bin Touq Al Marri, has met with a high-level delegation from Uzbekistan to explore ways to strengthen economic and investment ties.
Dubai and Shanghai trade bodies hold talks to boost business ties

Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
Saudi Arabia restores full capacity on East-West oil pipeline

Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
Maktoum bin Mohammed, Brookfield discuss investment expansion

Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.